- Published: Monday, 03 October 2016 10:57
- Written by E&MJ News
Northern Star Resources has signed a conditional sale and purchase agreement to sell its Plutonic gold mine in Western Australia to Billabong Gold Pty Ltd. Billabong is an Australian company controlled by Toronto-based mining executive Chris Bradbrook. The buyer’s intention following completion of the transaction is to list Billabong’s parent company, 2525908 Ontario Inc., on the Toronto Stock Exchange or the TSX Venture Exchange. Under the terms of the sale, Northern Star will emerge as a significant shareholder in this publicly-listed company, giving it an ongoing exposure to the Plutonic mine’s future production and exploration success.